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swiss banking regulation calls for higher capital requirements amid economic concerns
Inflation in the eurozone is on the rise, prompting potential shifts in ECB monetary policy, according to T. Rowe Price's Chief Economist. Meanwhile, Lombard Odier faces serious money laundering charges, and UBS is urged to increase capital requirements to mitigate risks of winding up. The DAX index has surpassed 20,000 points for the first time, while the eurozone unemployment rate remains at a record low of 6.3%.
Basellandschaftliche Kantonalbank joins Asset Management Association Switzerland as new member
Basellandschaftliche Kantonalbank (BLKB) has joined the Asset Management Association Switzerland (AMAS), increasing the number of cantonal banks in the organization to nine. BLKB, which has diversified its income through collective capital investments and institutional mandates, offers 14 investment products and aims to influence the regulatory framework in asset management. Founded in 1864, BLKB employs around 1,000 people and operates 24 branches.
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